Medicines for dogs from Elanco (above) and Bayer (below) are available in an animal shelter on the treatment table of a veterinarian.Frank Rumpenhorst | picture alliance | Getty ImagesCompany: Elanco Animal Health Inc. (ELAN)Business: Elanco is an…
RBI says engaged with prospective investors to secure…
The RBI and PMC Bank are presently engaging with prospective investors to secure the best possible terms for the depositors, and the process is likely to take some more time, the central bank said, as…
Punjab & Sind Bank declares IL&FS account as…
Public-sector Punjab & Sind Bank on Thursday said it has declared its IL&FS NPA account with Rs 399 crore outstanding loan as fraud and has reported it to the Reserve Bank. The NPA account Infrastructure…
Parliament passes bill to set up National Bank…
Parliament on Thursday passed a bill to set up the National Bank for Financing Infrastructure and Development (NaBFID) to fund infrastructure projects in India. The Rajya Sabha passed the National Bank for Financing Infrastructure and…
Sensex sheds 330 points; Nifty at 14,720, Bank…
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Citigroup CEO Jane Fraser calls for Zoom-Free Fridays…
Citigroup CEO Jane Fraser told staff that she is banning internal video calls on Fridays, encouraging staff to set boundaries for a healthier work-life balance and instituting a firmwide holiday called Citi Reset Day as…
Indian banks’ loans rose 6.6% y/y in two…
Indian banks' loans rose 6.6% in the two weeks to Feb. 26 from a year earlier, while deposits rose 12.1%, the Reserve Bank of India's weekly statistical supplement showed on Friday. Outstanding loans rose 712.73…
Fidelity leads a $376 million investment in Starling,…
The Starling Bank banking app on a smartphone.Adrian Dennis | AFP via Getty ImagesLONDON — Starling Bank, a digital-only challenger bank in the U.K., said Monday that it's raised £272 million ($ 376 million) in…
Fraudulent loans cannot be sold to bad bank:…
(This story originally appeared in on Mar 08, 2021)MUMBAI: The RBI has said that loans classified as fraud should not be sold to the proposed national asset reconstruction company (NARC) to be set up by…